Why Your Home Insurance Rates Are Going Up (And What You Can Do About It!)
Have you noticed your home insurance premium creeping up lately? You’re not alone. Across Indiana—and the entire country—homeowners are seeing higher rates than ever before. But why is this happening, and more importantly, what can you do about it?
Here’s what going on.
🔥 Wildfires, Storms, and Natural Disasters Are Driving Up Costs
Insurance companies look at risk when setting rates. And right now, risk is going way up due to an increase in natural disasters:
Wildfires in California just destroyed thousands of homes.
Severe storms and tornadoes are hitting the Midwest more often.
Flooding & hurricanes are causing billions in damage.
Even if you don’t live in a wildfire zone, insurers spread the cost of these disasters across their entire customer base. That means homeowners in Indiana are paying more, even if they haven’t filed a claim.
💰 Rising Construction Costs = Higher Insurance Premiums
It’s not just natural disasters. Everything is more expensive to rebuild.
🏠 Lumber & materials: Prices are still high.
🔨 Labor shortages: Fewer workers = higher wages.
💸 Repair costs: When insurers pay more to fix homes, they charge more to cover future claims.
If your home was damaged in a storm today, it would cost more to repair than it did just a few years ago. That’s why insurance rates have to go up.
🌪 Indiana’s Home Insurance Rates Are Rising
Even though Indiana isn’t dealing with hurricanes or wildfires, we do have:
✅ More frequent & intense storms
✅ Higher home values, increasing replacement costs
✅ More claims from hail & wind damage
📈 As of 2025, the average Indiana homeowners insurance policy is $1,975 per year—up 3% from last year. And rates are expected to keep climbing.
🚀 What You Can Do to Lower Your Home Insurance Costs
The good news? You still have control over your rates. Here’s how:
✅ Shop Around: Prices vary between companies—don’t settle for the first quote.
✅ Bundle & Save: Combining home and auto insurance can cut costs.
✅ Increase Your Deductible: How much can you self-insure for? If you can afford a higher out-of-pocket expense at the time of a claim, your monthly premium will go down.
✅ Home Upgrades = Discounts: New roof? Security system? Many companies offer discounts for these.
✅ Ask About Loyalty & Claims-Free Discounts: Some insurers reward long-time customers with clean records.
💡 Final Thoughts
Unfortunately, home insurance rates aren’t going down anytime soon. But you don’t have to overpay.
At Bragg Insurance Agency, we help homeowners like you find the right coverage at the best price. If your rates just went up, let’s talk—we’ll review your policy and make sure you’re getting the best deal possible.
📞 Call or Text us today at 317-758-5828 for a free policy review!
💻 You can also complete this contact form and we will respond as soon as possible.
